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EIN 42-0260720

Franklin Rural Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
17
City
Hampton
State
Iowa
Year formed
1936
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
Franklin Rural Electric Cooperative provides reliable and affordable electricity to its members through the sale of energy and related services to approximately 1,462 customers. Its mission is focused on ensuring their members' power needs are met.
Total revenues
$8,423,010
2022
Total expenses
$8,423,010
2022
Total assets
$20,255,882
2022
Num. employees
17
2022

Program areas at Franklin Rural Electric Cooperative

The sale of energy and related services to approximately 1,444 members.

Personnel at Franklin Rural Electric Cooperative

NameTitleCompensation
Garrett ThompsonGeneral Manager and Chief Executive Officer$117,170
Karen RinglebOffice Manager and Accountant$83,089
John SnyderBoard Vice President$6,195
David KeningerBoard Secretary and Treasurer$4,515
Gordon GreimannDistrict 2 , Board President$6,440
...and 1 more key personnel

Financials for Franklin Rural Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$7,468,479
Investment income and dividends$8,466
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$35,040
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$100,657
Miscellaneous revenues$810,368
Total revenues$8,423,010

Form 990s for Franklin Rural Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-25990View PDF
2021-122022-09-29990View PDF
2020-122021-09-30990View PDF
2019-122021-06-08990View PDF
2018-122020-02-19990View PDF
...and 9 more Form 990s

Organizations like Franklin Rural Electric Cooperative

OrganizationLocationRevenue
Callaway Electric CooperativeFulton, MO$26,229,377
Southern Montana Electric G and T CooperativeBillings, MT$21,696,842
White County Rural Electric Membership CorporationMonticello, IN$17,981,882
Western Illinois Electrical CoopCarthage, IL$10,459,583
Central Wisconsin Electric CooperativeRosholt, WI$18,670,681
Doniphan Electric Cooperative AssociationTroy, KS$3,539,156
Kem Electric CooperativeLinton, ND$12,543,881
Wheatland Rural Electric AssociationWheatland, WY$18,033,086
Ninnescah Rural Electric Cooperative AssociationPratt, KS$15,367,017
DS&O Electric CooperativeSolomon, KS$23,652,243
Data update history
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2023
Updated personnel
Identified 2 new personnel
July 8, 2022
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
No characteristics found
General information
Address
PO Box 437
Hampton, IA 50441
County
Franklin County, IA
Website URL
franklinrec.coop/ 
Phone
(641) 456-2557
IRS details
EIN
42-0260720
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1936
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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